ABSTRACT: (The TRANSPOSITION OF DIRECTIVE 2013/34 / EU IN ITALY : A FIRST ANALYSIS OF THE LEGISLATIVE DECREE NO. 139/2015)The 2013/34/EU Directive of the European Parliament and of the Council on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings, amends Directive 2006/43/EC of the European Parliament and of the Council and repeals Council Directives 78/660/EEC and 83/349/EEC.
The Directive concerns the review of the accounting rules applicable to EU companies and aims to: (i) increase the clarity and comparability of financial statements; (ii) reduce administrative burdens and to simplify accounting rules, particularly for small and medium-sized enterprises; and (iii) enhance transparency on payments made to governments by the extractive industry and loggers of primary forest. Member States shall bring into force the laws, regulations and administrative provisions necessary to comply with this Directive by 20 July 2015. In Italy, the Government prepared a draft decree to transpose the Directive on 18 May 2015 and forwarded to the parliamentary committees for obtaining the opinions provided. The paper analyzes the main issues contained in the Legislative Decree n. 139/2015 published in the Gazzetta Ufficiale della Repubblica Italiana on 4 September 2015.
KEYWORDS: Directive 2013/34/UE, accounting harmonization, national accounting systems.
